Occidental Petroleum (NYSE:OXY) Given Hold Rating at Scotiabank

Marco Green
December 6, 2017

The stock increased 0.09% or $0.17 during the last trading session, reaching $189.73. About 366,832 shares traded. It has outperformed by 8.44% the S&P500. Patten Grp reported 15,147 shares stake. Jupiter Asset Mngmt Ltd holds 88,611 shares or 0.18% of its portfolio.

Van Den Berg Management I Inc, which manages about $2.04B and $810.95 million US Long portfolio, decreased its stake in Vaneck Vectors Etf Tr by 651,103 shares to 161,037 shares, valued at $5.38M in 2017Q2, according to the filing.

The stock increased 1.85% or GBX 3.4 during the last trading session, reaching GBX 186.7. About 724,751 shares traded. It has underperformed by 35.67% the S&P500. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company's stock. Therefore 29% are positive. Occidental Petroleum has a twelve month low of $57.20 and a twelve month high of $73.51. The company was maintained on Tuesday, November 21 by Mizuho. The rating was downgraded by JP Morgan on Monday, May 9 to "Neutral". The company now has an average rating of "Hold" and an average target price of $67.27. Piper Jaffray maintained it with "Hold" rating and $6500 target in Thursday, August 10 report. The firm has "Outperform" rating given on Friday, November 6 by Cowen & Co. Barclays Capital maintained the shares of OXY in report on Thursday, July 14 with "Underweight" rating. The company was maintained on Friday, May 5 by BMO Capital Markets. Morgan Stanley downgraded the stock to "Equal-Weight" rating in Monday, June 13 report. BMO Capital Markets maintained Occidental Petroleum Corporation (NYSE:OXY) rating on Friday, May 5. It also reduced Emerson Elec Co (NYSE:EMR) stake by 16,775 shares and now owns 129,879 shares. Microsoft Corp (NASDAQ:MSFT) was reduced too.

Investors sentiment increased to 1.58 in Q2 2017. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.11.

ValuEngine upgraded shares of Occidental Petroleum (NYSE:OXY) from a sell rating to a hold rating in a report issued on Friday morning. 77 funds opened positions while 87 raised stakes. The oil and gas producer reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.07. Cohen Capital owns 0.18% invested in Occidental Petroleum Corporation (NYSE:OXY) for 12,024 shares. Jefferies maintained Occidental Petroleum Corporation (NYSE:OXY) rating on Thursday, October 19. Axa holds 0.07% or 266,267 shares in its portfolio. Northwestern Mutual Wealth Mgmt Commerce holds 500 shares. Federated Invsts Inc Pa stated it has 7.57 million shares. First Interstate National Bank & Trust stated it has 1,630 shares or 0.02% of all its holdings. Counselors Inc reported 11,996 shares. Rockefeller Financial Svcs holds 0.02% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 16,678 shares. Carret Asset Limited Liability reported 17,801 shares. Whalerock Point Prns Ltd Liability has 3,600 shares. Susquehanna Int Group Llp has 306,937 shares. Hermes Invest Mgmt Limited has 0.04% invested in Occidental Petroleum Corporation (NYSE:OXY). On Wednesday, July 5 the stock rating was maintained by Citigroup with "Buy".

Provectus Biopharmaceuticals, Inc., a biopharmaceutical company, engages in developing ethical pharmaceuticals for oncology and dermatology indications. It also provides Veeva Network master data management solutions for the management of customer master and product master data. Therefore 65% are positive.

August 3, 2015 according to SRatingsIntel. Savant Capital LLC now owns 5,154 shares of the oil and gas producer's stock worth $309,000 after buying an additional 77 shares during the last quarter. The company was maintained on Wednesday, November 25 by Deutsche Bank. (NYSE:RSPP) on Friday, March 11 to "Buy" rating. The stock has "Neutral" rating by Goldman Sachs on Friday, December 16. Bernstein initiated it with "Mkt Perform" rating and $170 target in Monday, February 6 report. (NYSE:RSPP) earned "Buy" rating by Northland Capital on Monday, August 21. The firm earned "Neutral" rating on Wednesday, January 4 by Bank of America.

Investors sentiment decreased to 0.95 in 2017 Q2. Its up 0.40, from 0.88 in 2017Q1.

A number of institutional investors have recently modified their holdings of OXY. 99 funds opened positions while 89 raised stakes. The New York-based Fagan Associate has invested 1.24% in XPO Logistics, Inc. The difference between the expected and actual EPS was $0.07/share, which represents an Earnings surprise of 63.6%.

Currently, 0.30% of Ally Financial Inc.

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. It also reduced Illinois Tool Wks Inc Com (NYSE:ITW) stake by 3,155 shares and now owns 9,364 shares. It increased, as 0 investors sold Provectus Biopharmaceuticals, Inc. shares while 0 reduced holdings. (NYSE:VEEV) for 153,884 shares. The firm owned $37.47 million shares of the company's stock after selling 995902 shares during the period. Fincl Advisers Limited Company owns 259,003 shares for 0.15% of their portfolio. State Board Of Administration Of Florida Retirement Systems stated it has 0.02% of its portfolio in Veeva Systems Inc. Trustmark Comml Bank Trust Department reported 12,471 shares or 0.09% of all its holdings.

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